Ramco Cements resolves excise duty dispute of Rs.1.60 crores
The Ramco Cements Limited has resolved an excise duty dispute of Rs.1.60 crores concerning MRP-based levies for bagged cement after the Original Authority dropped the matter on June 3, 2026. The company confirmed no similar disputes are pending with statutory authorities.
*this image is generated using AI for illustrative purposes only.
The Ramco Cements Limited has successfully resolved a litigation concerning the levy of excise duty based on the Maximum Retail Price (MRP) for bagged cement. The Original Authority has dropped the matter, which involved a disputed amount of Rs.1.60 crores, through an order issued on June 3, 2026. This resolution removes a financial uncertainty for the company regarding its tax liabilities.
The company received the order via email on June 3, 2026, at 17:41 Hrs. This development pertains to a specific point (c) detailed in the Annexure of the company's previous disclosure regarding ongoing material litigations dated August 14, 2023. The withdrawal of the case signifies a favorable outcome for the cement manufacturer.
Following this resolution, The Ramco Cements Limited confirmed that there are no disputes of a similar nature currently pending with statutory authorities. This clarification indicates that the company has cleared its immediate backlog regarding excise duty disputes related to MRP-based levies for bagged cement.
The disclosure was made to the exchanges in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The update provides transparency to shareholders regarding the status of material legal proceedings and their financial implications.
Historical Stock Returns for Ramco Cements
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.38% | -0.69% | -4.98% | -13.27% | -11.88% | -10.79% |
How will the resolution of this litigation impact Ramco Cements' financial provisions and profitability in the upcoming fiscal year?
Will the company reinvest the savings from this legal victory into capacity expansion or debt reduction?
Does this resolution set a precedent for other cement manufacturers facing similar excise duty disputes?
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